Visa Up Today: Is It Really Oversold?

Filed under: MasterCard Inc'A' (MA), Visa Inc. (V)

Visa, Inc. (V) saw a nice pop today during the afternoon session. With a little less than two hours to go before the end of market activities, the shares were higher by well over 7%. They hit a price of $83, and the volume level was healthy.



It was great to witness the buying activity. While I don't own Visa, I do recognize its great potential over the long term. The company makes money on transactions at points of sale: just a small percentage on each one, of course, but considering how society has become dependent on both credit and debit cards, you've got to respect the model. Remember that Visa doesn't expose itself to too much risk: it's the banks who make the actual credit loans.

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Visa Up Today: Is It Really Oversold? originally appeared on BloggingStocks on Mon, 21 Jun 2010 17:00:00 EST. Please see our terms for use of feeds.

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